630-570-2238
605-625 N Midlothian Rd, Mundelein, IL for Sale
Storefront Retail/Office - FOR SALE
1/9
null | Request Cap Rate

605-625 N Midlothian Rd
Mundelein, IL 60060


HIGHLIGHTS

  • Major Add-Value Opportunity | 2021 Renovation
  • 7,950 Square Feet of Vacant Space Available for Lease, Providing a Significant Add-Value Opportunity
  • Signalized Hard-Corner Intersection | High Visibility and Accessibility | 25,600 Vehicles per Day
  • Average Household Income of $160,472 within a Five-Mile Radius
  • Across the Street from Mundelein High School, which Serves 2,261 Students
  • 0.6 Miles from Carl Sandburg Middle School, which Serves 533 Students

OVERVIEW

This property offers a major add-value opportunity with 7,950 square feet of vacant space available for immediate lease. It is positioned on a high-visibility, signalized hard-corner with 25,600 vehicles per day and benefits from three convenient access points on a large 1.22 acre lot. The lot features a .21-acre out-parcel for future development. An investor will have the ability to acquire the property well below replacement cost and achieve significant double digits returns upon lease up. The retail center benefits from the close proximity to the Mundelein High School (2,261 students), which is across the street, as well as Carl Sandburg Middle School (533 students), locate a half mile south. It is also near high-performing retail centers that attract millions of annual visitors. The site benefits from proximity to top national tenants such as Jewel-Osco, Planet Fitness, Target, The Home Depot, and ULTA. The trade area is both dense and affluent, with an average household income of $160,472 within five miles and nearly 95,000 residents and employees within three miles.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value-Add Neighborhood Strip Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1974

SPRINKLERS

-

PARKING SPACES

54

LAND DETAILS

LAND ACRES

1.22 AC

LAND SF

53,143 SF

ZONING

C2, Mundelein

APN/PARCEL ID

10-24-306-002,10-24-306-004

ASK ABOUT THIS PROPERTY

Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

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Sean SharkoSharko | Weisenbeck | Mendoza GroupMore Info
630-570-2238

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.